COSCO Shipping Development released its 2026 interim report. In the first half, it achieved operating revenue of RMB13.619 billion, up 11.10% year on year, and net profit attributable to the parent of RMB1 billion, up 3.09% year on year. It also plans to distribute a cash dividend of RMB0.22 per 10 shares, tax included, to all shareholders. Among its businesses, container manufacturing revenue was RMB11.217 billion, up 2.32% year on year, with sales volume reaching 958,600 TEU, up 13.35% year on year, and special container sales volume surging 117.31% year on year. Shipping leasing business revenue was RMB962 million, with a managed fleet of more than 240 vessels. Container leasing business revenue was RMB2.741 billion, up 5.17% year on year. The company has paid cash dividends for eight consecutive years and has been advancing share buybacks. It has cumulatively repurchased and cancelled 41.5561 million A shares and 24.043 million H shares, totalling 65.5991 million shares, with a buyback amount of approximately RMB137 million.
Cosco Shipping Development Co LtdH1 revenue and profit up, dividend proposed, and ongoing buybacks
